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EU rules for over-the-counter derivatives will catch many energy traders unprepared, according to a poll. Of companies surveyed, less than a third have chosen and begun implementing a compliance solution for the European Market Infrastructure Regulation, and less than 10% say they know everything about the Regulation on Wholesale Energy Market Integrity and Transparency.

Not everyone agrees what is and isn't a derivative. "There is no single, commonly adopted definition of derivative or derivative contract in the European Union," European Securities and Markets Authority Chairman Steven Maijoor wrote in a letter to EU Internal Market Commissioner Michel Barnier. This lack of harmony is complicating enforcement of the European Market Infrastructure Regulation, Maijoor wrote.

Qualified financial institutions, companies and individual investors are permitted to invest in domestic and foreign fund markets in Shanghai's free trade zone, according to the China Securities Regulatory Commission. Among other measures, foreign companies can issue renminbi-denominated bonds, and securities and futures firms can set up subsidiaries and carry out over-the-counter trading in staple commodities and financial derivatives for domestic customers.

The European Commission says it accidentally sent confidential information to 13 large banks, including JPMorgan Chase and Goldman Sachs, as part of disclosure required in a credit default swaps investigation. It is unclear what kind of data were released, but regulators are demanding that the banks not read the information and destroy it.

The European Parliament and Council of Ministers have not reached an agreement on a final version of the European Markets Infrastructure Regulation, likely delaying an over-the-counter derivatives revamp.